Area

Comparative advantages and statistical evidence

Fisheries & aquaculture

8 of the world’s top 15 fish producing countries are in East Asia, with exports valued at $136 billion.

Asia accounts for 84% of all people employed in the fisheries and aquaculture sector worldwide and 68% of the global fishing fleet.

By 2030 Asia could consume 70% of fish globally.

Ports, shipping & marine transport

5 out of the world’s top 6 shipping economies are located in East Asia, along with 9 of the top 10 busiest container ports.

Tourism, resorts & coastal development

80% of all tourism takes place in coastal areas. International tourism in Asia-Pacific has shown strongest growth than other parts of the world.

Oil & gas

Asia’s demand for energy is expected to increase 40% by 2022.

Globally, offshore fields could account for 34% of worldwide crude oil production by 2025.

Asia will be the primary global buyer of liquefied natural gas (LNG) in the coming decade, requiring substantial coastal infrastructure.

Coastal manufacturing

Asia accounts for nearly half of all global manufacturing output.

The ASEAN region accounts for 7% of global exports, making it the fourth-largest exporting region in the world.

The top 5 shipbuilding countries in the world are all in East Asia.

Seabed mining

The ocean floor contains economically valuable mineral deposits.

Some deep sea deposits contain ores with up to 10 times the proportion of metal compared to deposits found on land.

Renewable energy

Technically exploitable marine-based renewable sources hold the potential to more than meet all current global energy needs.

Marine biotechnology

The demand for marine pharmaceuticals is anticipated to grow to $8.6 billion by 2016. China, Malaysia and the Philippines consider marine biotechnology in investment strategies and growth plans.

Marine technology & environmental services

A significant market need exists for companies providing marine technology and environmental services. For example, wastewater treatment technology and services are needed to address the 65% of all sewage in Asia which is dumped into the ocean without any treatment. IT-enabled solutions are needed for combating IUU fishing, an issue costing an estimated $23.5 billion annually.